Deutsche Bank AG restated their hold rating on shares of FireEye, Inc. (NASDAQ:FEYE) in a research note published on Tuesday, August 8th. They currently have a $15.00 price target on the information security company’s stock.
FEYE has been the topic of a number of other research reports. BMO Capital Markets increased their price objective on FireEye from $15.00 to $17.00 and gave the company a market perform rating in a report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. reissued an outperform rating and issued a $23.00 price target on shares of FireEye in a report on Thursday, May 4th. Stifel Nicolaus reissued a buy rating on shares of FireEye in a report on Wednesday, July 19th. Barclays PLC reaffirmed an equal weight rating and issued a $16.00 price objective (up from $14.00) on shares of FireEye in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded FireEye from a buy rating to a hold rating in a research report on Monday, April 10th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. FireEye currently has a consensus rating of Hold and an average target price of $15.97.
FireEye (FEYE) opened at 13.98 on Tuesday. The company’s 50-day moving average is $14.96 and its 200-day moving average is $13.56. FireEye has a 52-week low of $10.35 and a 52-week high of $16.40. The firm’s market capitalization is $2.55 billion.
FireEye (NASDAQ:FEYE) last issued its quarterly earnings results on Tuesday, August 1st. The information security company reported ($0.26) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.13. FireEye had a negative return on equity of 26.21% and a negative net margin of 46.37%. The company had revenue of $185.50 million for the quarter, compared to the consensus estimate of $176.39 million. During the same quarter in the prior year, the business earned ($0.33) EPS. FireEye’s revenue was up 6.0% on a year-over-year basis. Analysts forecast that FireEye will post ($0.21) EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This piece was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://stocknewstimes.com/2017/08/19/fireeye-inc-nasdaqfeye-stock-rating-reaffirmed-by-deutsche-bank-ag-updated.html.
In other news, EVP Alexa King sold 69,884 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $14.46, for a total transaction of $1,010,522.64. Following the completion of the sale, the executive vice president now owns 428,733 shares in the company, valued at approximately $6,199,479.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in FEYE. Teachers Advisors LLC increased its stake in shares of FireEye by 20.1% in the fourth quarter. Teachers Advisors LLC now owns 191,932 shares of the information security company’s stock valued at $2,284,000 after buying an additional 32,147 shares during the period. Segantii Capital Management Ltd purchased a new stake in shares of FireEye during the first quarter valued at about $251,000. Paloma Partners Management Co purchased a new stake in shares of FireEye during the first quarter valued at about $1,202,000. AlphaOne Investment Services LLC purchased a new stake in shares of FireEye during the first quarter valued at about $4,338,000. Finally, Baird Financial Group Inc. purchased a new stake in shares of FireEye during the first quarter valued at about $661,000. 64.30% of the stock is currently owned by institutional investors.
FireEye Company Profile
FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).
Receive News & Ratings for FireEye Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FireEye Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
